Horizon Digital Frontier ETF
$33.24−0.10 (−0.30%)
- 0.75%
- $218M
- +18.2%
- 0M sh
- $33.86
- low $25.19high $35.02
The ETF.net YNOT Grade
C
Score 41 out of 100
- 21 of 31
Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D27 out of 100Rank 20 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 14 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 12 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 18 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D38 out of 100Rank 23 of 31
Our read on YNOT
CMost innovation funds just buy the obvious winners. YNOT sorts emerging-tech companies into four phases, from the chipmakers enabling a technology to the businesses that eventually use it, and actively shifts money along that chain.
The fund seeks long-term capital appreciation by investing primarily in equity securities of companies operating in digital and technology sectors, emphasizing firms involved in digital innovation and transformation.
Why people hold it
- The phase map is the whole idea: enablers, the infrastructure layer, the companies monetizing products, and the firms using the tech to cut costs. Managers decide where along that chain to lean.dividend.comhorizoninvestments.com
- Actively managed and global by design: US and non-US stocks, ADRs, even other ETFs are in bounds, so the portfolio isn't bolted to one index committee's definition of innovation.finance.yahoo.com
- Roughly 100 names, screened on growth, value, momentum, quality, size and volatility. A multi-factor filter sits on top of the theme rather than pure story-stock picking.dividend.com
Worth knowing
- The active framework carries an active price: 0.75% a year, above the middle of its thematic peer group, where several of the best-regarded options charge less (KOMP 0.20%, XT 0.46%).
- Non-diversified by charter, so a small group of holdings can steer results. It's also a small, thinly traded fund, which tends to mean wider spreads than the category's household names.finance.yahoo.com
- The record starts in July 2025, so there's little history to judge the phase model through a full cycle. The mandate is capital appreciation, not income.
YNOT Holdings
- Stocks
- 108
- 39%
- EWT
Sectors
- Technology49.3%
- Financials17.7%
- Industrials13.4%
- Consumer Discretionary5.3%
- Communication4.7%
- Materials4.3%
- Health Care1.5%
- Consumer Staples1.4%
- Utilities1.2%
- Energy1.1%
Geography
- United States86.27%
- Netherlands4.01%
- Japan2.37%
- Germany1.35%
- Ireland1.21%
- United Kingdom0.97%
- Brazil0.82%
- France0.77%
- 2.21%
YNOT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
YNOT$11,821
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | YNOT |
|---|---|
| Year to date | +18.2% |
| 1 month | +0.8% |
| 3 months | +3.2% |
| 1 year | +18.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | YNOT |
|---|---|---|
| 2026 YTD | +18.2% | |
| 2025 | +11.8% |
YNOT in the news
YNOT Dividends
No distributions in the last 12 months.
YNOT Risk
- 23.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.81
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
YNOT Cost
0.75%
YNOT0.75%
- The middle half of Disruptive Innovation funds
- Median 0.65%
19 of the 31 Disruptive Innovation funds charge less.
Other funds in Disruptive Innovation
- CTECHarbor Transformative Technologies ETF (TEC)Expense ratio 0.69%1 year return +29.0%
- CSOCLGlobal X - Social Media ETFExpense ratio 0.65%1 year return −22.2%
- DDARPTidal Trust II Grizzle Growth ETFExpense ratio 0.75%1 year return +42.4%
- DARKWARK Next Generation Internet ETFExpense ratio 0.76%1 year return −1.3%
- DSPRXSpear Alpha ETFExpense ratio 0.75%1 year return +14.2%